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Administration proposes narrow changes to BDO lease revenue ordinance; council voices concerns about using funds for recurring general-fund needs
Summary
Administration proposed amendments to the BDO lease revenue ordinance to provide limited flexibility for one-time supplemental transfers to the general fund (considering unused wages averaging ~$2M) and to add debt-service backstops for particular RDA areas; council members expressed persistent concern about using BDO revenues for ongoing payroll or operational obligations and requested additional charts and historical overlays before action.
Justin Sorensen (presenter) summarized the history and scale of the city’s BDO (lease) revenue and described proposed ordinance language that would allow administration—subject to council approval during the annual budget process—to recommend supplemental transfers from BDO lease revenue to the general fund when there is a year-by-year delta in budgeted wages and unused-wage savings are insufficient. He said the administration typically estimates around $2,000,000 average in unused-wage dollars in recent years and stressed that the…
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